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Mar 16, 2013
03/13
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we need laserlike focus on the economy. we need to analyze every proposal in light of, will this get america back to work? we need to get people working by reducing the government's role in creation of jobs. my state's motto, mountaineers are always free, which is a delicate means to me that we need to limit government and create more workers independence. in west virginia and so many other states, this means treating a level playing field for all businesses, regardless of their union status. west virginia is the perfect ground for our national principles. west virginians are fiscally conservative, we have the best rainy day fund in the nation, but nonetheless, employment has in my state.ed when liberals are the cause of the low economy, they seem to blame conservatives. i don't understand that. in west virginia come our legislature votes every day. i'
we need laserlike focus on the economy. we need to analyze every proposal in light of, will this get america back to work? we need to get people working by reducing the government's role in creation of jobs. my state's motto, mountaineers are always free, which is a delicate means to me that we need to limit government and create more workers independence. in west virginia and so many other states, this means treating a level playing field for all businesses, regardless of their union status....
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Mar 17, 2013
03/13
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the best deficit reduction program is a growing economy and strangely if you see the debate washington day very little of it is about economic growth and a lot of it is about what my dad would say it your broccoli, it's about the austerity and the toughness that has to get done. don't get me wrong but it's much easier to get done in the context of high sustained growth where jobs are being created and jobs are of value for people to be able to further their dreams. i have three suggestions that i don't think that partisan. they are not necessarily ideological but if we pause on all the other stuff and there are good things to fight about trust me, that we can get to the point where we have higher sustained growth. one would be to create a patriotic energy prop -- based on innovation and north american resources. second, to reform our immigration system and move it towards something that would be part of the high-growth economic strategy true to our heritage respecting the rule of law, but moving it to the 21st century where our brand which is not around the world would allow high high
the best deficit reduction program is a growing economy and strangely if you see the debate washington day very little of it is about economic growth and a lot of it is about what my dad would say it your broccoli, it's about the austerity and the toughness that has to get done. don't get me wrong but it's much easier to get done in the context of high sustained growth where jobs are being created and jobs are of value for people to be able to further their dreams. i have three suggestions that...
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Mar 16, 2013
03/13
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CSPAN2
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one thing he benefited from is a soaring economy. you can't overstate how much that brings in all the tax revenue without having to make major changes to the tax code to do something the president hasn't benefited from. a soaring economy can reduce the deficit. >> host: the distance between the parties on the budget. we are detected a sequestration, but they point out for additional spending cut under the democratic plan there are none. a series of spending cuts on interest rates at $1.8 trillion in savings from repealing the health care law. democrats proposing $100 billion in new stimulus spending. republicans propose no new spending. democrats raising $975 billion annual revenue. no tax increase among republicans and then social security. no changes on social security. require the president and congress to submit plans to increase the trust fund. >> guest: social security is one of those things it has enough money in its reserves to continue paying full benefits through 2036. 10,000 people turning 65 every day in the number of peo
one thing he benefited from is a soaring economy. you can't overstate how much that brings in all the tax revenue without having to make major changes to the tax code to do something the president hasn't benefited from. a soaring economy can reduce the deficit. >> host: the distance between the parties on the budget. we are detected a sequestration, but they point out for additional spending cut under the democratic plan there are none. a series of spending cuts on interest rates at $1.8...
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Mar 14, 2013
03/13
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the people and that is healthy for our economy? i don't. host: your book writes about your poll of eight hours on the senate floor. -- this article writes. guest: the idea of a filibuster is something i support. i disagree strongly with rand paul, but he has the right to filibuster. i believe it that we have to and the absurdity in the seenate where the republicans are demanding a 60 votes on almost every important piece of legislation. if somebody wants to go up and make their point, they should have the right. if they want to go on for two days, do it. but 51 votes to prevail at the end of it. host: republican, florida. caller: thank you for c-span and thank you, senator sanders, for being on here. you spoke of the cayman islands and cutting prices for the cayman islands for people to keep their money there. why is it the smart play for people to keep their money in the cayman islands when that is the smart play? we are 15th in the world for the best place to keep your money. the roads and bridges, we paid 35.9 since per gallon already fo
the people and that is healthy for our economy? i don't. host: your book writes about your poll of eight hours on the senate floor. -- this article writes. guest: the idea of a filibuster is something i support. i disagree strongly with rand paul, but he has the right to filibuster. i believe it that we have to and the absurdity in the seenate where the republicans are demanding a 60 votes on almost every important piece of legislation. if somebody wants to go up and make their point, they...
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Mar 17, 2013
03/13
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CSPAN2
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we need to focus on the green economy and building up the green economy. in the short-term it creates a lot of jobs and the long-term it addresses the climate crisis. so let me talk a little bit more about that. in terms of the short-term policy, i will mention one other short-term issue which is the federal reserve, that controls the short-term interest rates have have been running what they call a zero interest rate policy now for four years. that is the interest rate at which banks borrow is zero. they get free money and they get as much as they want for free. on top of that actually if they take the money and all they do is bank it at the fed, they get one quarter of 1%. it's not a lot. it's one quarter of 1% but if you could borrow a lot you know and getting back for doing absolutely nothing, that is what they are doing. right now also something that is frustrating to me that is not an talked about enough, commercial banks in the country are sitting on $1.5 trillion in cash, 1.5 trillion to give you some sense of that. the total u.s. gdp is $15 trilli
we need to focus on the green economy and building up the green economy. in the short-term it creates a lot of jobs and the long-term it addresses the climate crisis. so let me talk a little bit more about that. in terms of the short-term policy, i will mention one other short-term issue which is the federal reserve, that controls the short-term interest rates have have been running what they call a zero interest rate policy now for four years. that is the interest rate at which banks borrow is...
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Mar 15, 2013
03/13
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there seems to be a division between state of the economy, stock markets, and the rest of the economy. host: jacob is creating a lot of interest. let me go back to "the wall street journal," quoting ron johnson -- indicating -- guest: it has been this big divisive issue, democrats want to raise taxes. republicans want them to dick republicans say they just want to freeze taxes for spending. can the democrats did some taxes as part of the deal that the white house accepts? we look at what the senate democrats are putting forth and the house republicans. we welcome carl from jacksonville, texas on the republican line. caller: thank you for taking my call. the thing that bothers me about our government is the lack of transparency. we hear so much about how we are when the cut out all of the loopholes but nothing is ever mentioned. i cannot know if they think we are too stupid to understand what those loopholes would be and what they would mean. it's just really frustrates me. cuts, i thinket it should start with the politicians and let them live in government housing like they expect eve
there seems to be a division between state of the economy, stock markets, and the rest of the economy. host: jacob is creating a lot of interest. let me go back to "the wall street journal," quoting ron johnson -- indicating -- guest: it has been this big divisive issue, democrats want to raise taxes. republicans want them to dick republicans say they just want to freeze taxes for spending. can the democrats did some taxes as part of the deal that the white house accepts? we look at...
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Mar 17, 2013
03/13
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a quarter of our economy in taxes. right now pretty much every other country has moved to 35% and we've stuck the 25%. that hasn't hurt their growth relative to ours. we're roughly at the middle of the table. there are things the governments can do with the money that or government has not done. >> conversation will go on for many, many months and possibly years. >>> coming up -- you heard me warn before of an economic storm but my next guest says silicon valley is at risk of being hit by a typhoon. under attack by your government. there's a reason no one says "easy like monday morning." sundays are the warrior's day to unplug and recharge. what if this feeling could last all week? with centurylink as your trusted partner, it can. our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and dedicated support, your business can shine all week long. >>> you've heard how the forced spending cuts could hurt the u.s., longer lines at airports, fe
a quarter of our economy in taxes. right now pretty much every other country has moved to 35% and we've stuck the 25%. that hasn't hurt their growth relative to ours. we're roughly at the middle of the table. there are things the governments can do with the money that or government has not done. >> conversation will go on for many, many months and possibly years. >>> coming up -- you heard me warn before of an economic storm but my next guest says silicon valley is at risk of...
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Mar 17, 2013
03/13
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which is how to eliminate the barriers in our economy. demography is destiny. 10 years from now, you're going to be 10 years older and everybody wants to be here i hope. the simple fact is for updating older together and were not the same as fertility rates have dropped dramatically and were beginning to an inverted pyramid that makes our challenge as it relates to entitlement to social security even greater. slow-growing developing countries have had for decades lower fertility rates for japan and europe and russia's turn the impact of its one child policy. we're better off, but they've dropped to below breakeven to 1.8, blew a stop in the last three years in recorded history. we have a tried-and-true way to deal with the demographic time bomb. demography does not have to be destiny if you change course in the path we could take is to allow for a strategic reform of our immigration laws so we can bring young aspirational people that will rebuild the demographic. need to make her entitlement system secure and jumpstart our economy in a wa
which is how to eliminate the barriers in our economy. demography is destiny. 10 years from now, you're going to be 10 years older and everybody wants to be here i hope. the simple fact is for updating older together and were not the same as fertility rates have dropped dramatically and were beginning to an inverted pyramid that makes our challenge as it relates to entitlement to social security even greater. slow-growing developing countries have had for decades lower fertility rates for japan...
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Mar 21, 2013
03/13
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we are a public economy. medicare and the military has gobbled up what everyone feels is real economic activity. it is really being paid by the taxpayers. host: let's get a response. guest: you're absolutely right. it ultimately comes down to the taxpayers. the federal government cannot spend a dime that it does not take her borrow from somebody else. when it borrows, there is an interest rate on it. and it has to take money to pay off that debt. i agree with you, we should make certain that we have priorities in washington and we are not spending more than we take in. we need to leave more in your pocket so we can get the economy rolling. in terms of medicare, i would report that the medicare trustees, not republicans, not democrats, but the medicare trustees report, the folks and go charge of making certain medicare is solvent. they are telling us there is a predictable time into the next 10 years at which point medicare cannot provide the medical services for seniors from a financial standpoint. it is incu
we are a public economy. medicare and the military has gobbled up what everyone feels is real economic activity. it is really being paid by the taxpayers. host: let's get a response. guest: you're absolutely right. it ultimately comes down to the taxpayers. the federal government cannot spend a dime that it does not take her borrow from somebody else. when it borrows, there is an interest rate on it. and it has to take money to pay off that debt. i agree with you, we should make certain that we...
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Mar 16, 2013
03/13
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the state of our economy is not good. we know these statistics, but they are worth repeating. 12.3 million still unemployed. one in six americans lives in poverty. that burden falls most heavily on women and their children. there are 48 million americans living on food stamps. we have lost 6.4 million full- time jobs in this country, 8 million americans are working part-time and they would rather work full-time. 10 million americans have dropped out altogether. why? because small business and entrepreneurship is the engine of growth in this american economy. we know, and you will hear inspiring stories from some of our panelists today, every american gets there first chance in a small business. we know that wave after wave of immigrants gets there first hand hold on that first rung of the american ladder by opening a small business. i started out in a little business with nine people. my story is not unique. it is the american story. deli or thes the auto mechanic or it services small business is the engine of growth for
the state of our economy is not good. we know these statistics, but they are worth repeating. 12.3 million still unemployed. one in six americans lives in poverty. that burden falls most heavily on women and their children. there are 48 million americans living on food stamps. we have lost 6.4 million full- time jobs in this country, 8 million americans are working part-time and they would rather work full-time. 10 million americans have dropped out altogether. why? because small business and...
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Mar 14, 2013
03/13
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cutting spending will grow the economy. cutting the rate of growth in spending will create a situation in which our economy will grow. in february of this year, the gao of this answers the question exclusively. they said that there had been over 10 years, reducing the increase in spending by $4 trillion, closed with a balanced budget requires, would increase economic growth. this is what they said real gdp would be lowered in the fourth quarter of 2014. in higher by 1.7% in 2023 then it would be under the current law. what he was saying there is that if we reduce spending by $4 trillion and that over 10 years and balance the budget from this baseline, we would have more growth than if we don't cut that trend. finding that over 10 years, the country will get less growth than if it had not borrowed $870 billion at all. for the last 10 years, we have spent $31 trillion. the next 10 years we are projected to spend $47 billion experts tell us how current baseline debt acts, even with the higher taxes in january, is unsustainable
cutting spending will grow the economy. cutting the rate of growth in spending will create a situation in which our economy will grow. in february of this year, the gao of this answers the question exclusively. they said that there had been over 10 years, reducing the increase in spending by $4 trillion, closed with a balanced budget requires, would increase economic growth. this is what they said real gdp would be lowered in the fourth quarter of 2014. in higher by 1.7% in 2023 then it would...
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Mar 19, 2013
03/13
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ignore the economy. all the answers lie in washington, take more from hard-working small businesses. take more from families. spend it in washington. and oh, by the way. we don't have a crisis. that is scare mongering. you know what? try telling that to our children and grandchildren who are guaranteed to get a lower standard of living. try telling that to the struggling workers, the families and people in poverty who aren't cutting it in this economy. balancing the budget. helps us promote a healthy economy to create jobs and get people back on their feet again and that's exactly why we are proposing and passing this budget. i yield back the balance of my time. the chair: all time has expired. the chair: the gentleman from texas, mr. brady and the gentlewoman from new york, mrs. maloney, will each control 30 minutes on the subject of economic goals and policy. the chair recognizes the gentleman from texas. mr. brady: thank you, mr. speaker, during the annual debate -- i yield myself such time as i may c
ignore the economy. all the answers lie in washington, take more from hard-working small businesses. take more from families. spend it in washington. and oh, by the way. we don't have a crisis. that is scare mongering. you know what? try telling that to our children and grandchildren who are guaranteed to get a lower standard of living. try telling that to the struggling workers, the families and people in poverty who aren't cutting it in this economy. balancing the budget. helps us promote a...
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Mar 16, 2013
03/13
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we need to focus our efforts to grow the american economy, not the government economy. [applause] this is the most important point i want to make today. if you take nothing else away from what i have to say today, please understand this. we must not become the party of austerity. we must become the party of growth. [applause] of course, we know the government is out of control. we just lost an election. we must not continue to fight on our opponents terms. the republican party must become the party of growth. it is not based in washington, d.c. [applause] we have fallen into a trap of believing the world revolves around washington, that the economy is based there. if our goal is to simply better manage the disaster that is the federal government, you can count me out. i am not sign -- signing up for that. honestly, who of you here wants to sign up to help manage the slow decline of the united states of america? i sure don't. not -- that is what we have democrats for. [applause] party promises to be the party of more, but they are actually the party of less. they are the
we need to focus our efforts to grow the american economy, not the government economy. [applause] this is the most important point i want to make today. if you take nothing else away from what i have to say today, please understand this. we must not become the party of austerity. we must become the party of growth. [applause] of course, we know the government is out of control. we just lost an election. we must not continue to fight on our opponents terms. the republican party must become the...
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Mar 16, 2013
03/13
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they continued the same slump that had been affecting the british economy since the end of the first world war. they concluded the rational science and society. scientists have far more than any other segment of society. so sooner than most are very aware of nazi germany, beginning with the persecution and dismissal of all scientists. he was involved with many scientists during this time and finding positions for refugees in universities in america. but i think it was far less important than the brilliance, commitment, and pretty fearless. the scientists would who would be involved in this effort, including this year, physics and medicine and what they fundamentally showed is that even in something as uncertain and tradition bound as a scientific thinking it was crucial, the official history of this to the war effort as observed that there was a fundamentally romantic conception of this. even magical thinking. >> there were generals but failed to produce any operational research comparable to the allied development. if they had, they probably would have won the submarine campaign and
they continued the same slump that had been affecting the british economy since the end of the first world war. they concluded the rational science and society. scientists have far more than any other segment of society. so sooner than most are very aware of nazi germany, beginning with the persecution and dismissal of all scientists. he was involved with many scientists during this time and finding positions for refugees in universities in america. but i think it was far less important than...
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Mar 13, 2013
03/13
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CNBC
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we have the best economy in the world. some money coming out of the emerging market countries. >> thank you very much for that. in the meantime, breaking news on america's budget battle. the federal budget just came out as president obama meets with the speaker john boehner. >> mandy, you're looking, i think, at a live picture of the senate budget committee where the chair woman is laying out her budget proposal. it includes about 1.85 trillion dollars in deficit reduction. half of that from tax increases, half from spending cuts. she has a $100 billion of stimulus put in there. this is while the house republican party is marking up its budget committee resolution. no tax increases. meanwhile the president is meeting behind closing doors now as part of iz his effort to sel his proposal. his own is not coming out until april 8. that is less the point at this stage. all sides are looking at the regular order process as the last potential hope for a grand bargain mixing entitlement cuts and tax increases for this two year con
we have the best economy in the world. some money coming out of the emerging market countries. >> thank you very much for that. in the meantime, breaking news on america's budget battle. the federal budget just came out as president obama meets with the speaker john boehner. >> mandy, you're looking, i think, at a live picture of the senate budget committee where the chair woman is laying out her budget proposal. it includes about 1.85 trillion dollars in deficit reduction. half of...
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Mar 20, 2013
03/13
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let's grow the economy. let's reform the tax system, let's stop picking winners and losers through loopholes, lower tax rates for everybody, families and businesses to create jobs and commig growth. let's open up the resources we have in this country, oil, coal, gas so we can bring down gas prices. increase paychecks, create jobs, help manufacturing. we have a safety net that isn't working. we have the highest poverty rates in a generation. 46 million people in poverty. we need to fix this safety net so so that it works to get people back on their feet again. we need to save medicare so that it's not bankrupt because it is on a path to bankruptcy. so that the current seniors can rest in comfort knowing that it's not going to be taken away from them, so that the obamacare rationing board won't take it from them and so that those of white house are younger can plan for it -- of us who are younger can plan for it. we need to balance the budget. balancing the budget is necessary for a healthy economy. for creati
let's grow the economy. let's reform the tax system, let's stop picking winners and losers through loopholes, lower tax rates for everybody, families and businesses to create jobs and commig growth. let's open up the resources we have in this country, oil, coal, gas so we can bring down gas prices. increase paychecks, create jobs, help manufacturing. we have a safety net that isn't working. we have the highest poverty rates in a generation. 46 million people in poverty. we need to fix this...
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Mar 20, 2013
03/13
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economy. thank you, mr. speaker. and with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. pursuant to clause 12-a of rule 1, the chair declares the house today.ss until noon a number of questions regarding the scope of the fourth amendment, injuries prudence. jurisprudence. which can they obtain a search warrant and how long should the data be kept? although no drones operating in the u.s. are yet weaponized, i'm advised, should law enforcement be permitted to equip unmanned aircraft with nonlethal tools such as tear gas, pepper spray? and my concerns about the domestic use of drones extends beyond government and law enforcement. before we allow widespread of drones in domestic airspace, we have to carefully consider the impact on the privacy rights of americans. just last week we are reminded how one company's push to gather data on americans led to vast overcollection and potential privacy violations. similarly, a simple scan of amateur videos on
economy. thank you, mr. speaker. and with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. pursuant to clause 12-a of rule 1, the chair declares the house today.ss until noon a number of questions regarding the scope of the fourth amendment, injuries prudence. jurisprudence. which can they obtain a search warrant and how long should the data be kept? although no drones operating in the u.s. are yet weaponized, i'm advised, should law enforcement be...
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Mar 16, 2013
03/13
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in the meantime, the economy saw its fair share of ups and downs. this chart shows gdp on a yearly basis, those years extending down were recessions. the average growth rate since world war ii is a respectable 3.25%. we'd be very happy to have that today. i spoke with the lieutenant governor of texas, david d dewhurst this week in austin. he's probably the most powerful man in texas and the most powerful lieutenant governor in the country because he writes the legislation, controls the budget and is head of the texas senate. texas has been trying to lure companies away from california and other states with the promise of lower taxes and lighter regulation, something people are calling the texas miracle. >> we're 48th out of 50 states in per capita state spending. we've kept our taxes low. we're 47th out of 50 states in per capita state taxes. over the last ten years i've cut taxes over 51 times and expect a 52nd and a 53rd this year. and we've worked real hard, had the lightest regulatory hand we possibly could. so when businesses look at texas, we
in the meantime, the economy saw its fair share of ups and downs. this chart shows gdp on a yearly basis, those years extending down were recessions. the average growth rate since world war ii is a respectable 3.25%. we'd be very happy to have that today. i spoke with the lieutenant governor of texas, david d dewhurst this week in austin. he's probably the most powerful man in texas and the most powerful lieutenant governor in the country because he writes the legislation, controls the budget...
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Mar 20, 2013
03/13
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and grow our economy by strengthening the footprint of washington. i believe that's what brings us together. , moms and dads look at their kids and they want the best for them. we are at.t's where there are differences. at the same time, when we come together, we can look forward and realize that, at the end of the day, we are looking forward to this country doing what it is called to do. host: on twitter, "as a service member, how do you feel about men and women in the military?" -- how do you feel about women in the military?" how about in combat? guest: sometimes, this administration comes out with things that are more popular driven than they are policy driven. many of our women serve in combat, and they do a very good job. they are in convoys in iraq. they have been doing flying missions for a long time. when you bring up these issues, you score points. we should have looked at this further on how they are wanting to implement it. we have two women in congress who are just outstanding, good friends who i've gotten to know very well. elsie gabbar
and grow our economy by strengthening the footprint of washington. i believe that's what brings us together. , moms and dads look at their kids and they want the best for them. we are at.t's where there are differences. at the same time, when we come together, we can look forward and realize that, at the end of the day, we are looking forward to this country doing what it is called to do. host: on twitter, "as a service member, how do you feel about men and women in the military?" --...
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115
Mar 19, 2013
03/13
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FOXNEWSW
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meantime, something about our economy does not add up. we all know that. the latest government numbers show consumers spending grew at a strong pace. that's great because consumer spending counts for 70% of the total economic activity. here's the weird part. we're not seeing the expected comparable rise in our paychecks. we're spending more but no making more, and we're not spending more on credit cards. in fact the expert said the payroll tax hike would slow spending. it did not. so what is this? and rick suggests that more americans are taking advantage of the underground economy, earning and spending cash off the books to avoid taxes or other regulations. rich is with us know. the chief been the correspondent for u.s. news and world report. at it the worst kept secret in the nation there is an enormous underground economy where people get paid cash and don't get benefits. it's a cash world. >> some of that is a constant. we know about landscape workers and nannies and illicit operators like drawing dealers and bookies who work in the dark economy. but t
meantime, something about our economy does not add up. we all know that. the latest government numbers show consumers spending grew at a strong pace. that's great because consumer spending counts for 70% of the total economic activity. here's the weird part. we're not seeing the expected comparable rise in our paychecks. we're spending more but no making more, and we're not spending more on credit cards. in fact the expert said the payroll tax hike would slow spending. it did not. so what is...
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Mar 14, 2013
03/13
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danny the economy moving again. getting our debt crisis under control so we may preserve the american dream. these are precisely the priorities that are incorporated in our house republican budget. american families know the federal of rigid federal government should not be spending more than it has. the budgets that have been proposed by the president in the past have never gotten a balance. -- gotten to balance. the president missed the legal deadline of february 4 to send in a budget. past experience tells us when he gets around to it, it will likely not balance, either. american families cannot live this way and neither should the federal government. democrats have not adopted a budget in four years. they will do one this year because of the no budget, and no pay bill. we look for to see in that budget. the test is to see whether or not they can pass that budget out of their own committee and chamber. we're which it will enough democrats be willing to endorse a plan with more so washington can spend more? that i
danny the economy moving again. getting our debt crisis under control so we may preserve the american dream. these are precisely the priorities that are incorporated in our house republican budget. american families know the federal of rigid federal government should not be spending more than it has. the budgets that have been proposed by the president in the past have never gotten a balance. -- gotten to balance. the president missed the legal deadline of february 4 to send in a budget. past...
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Mar 18, 2013
03/13
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this was a way to try to connect central asian economies of south asian economies. president karzai talked about afghanistan as being a central agent -- asian roundabout which goods and services could move. i thought that was right. i also thought that might have been just a beginning. just to also lead not transit benefits for afghanistan and pakistan but someday also to foreign direct investments and other economic ties. that is why we worked so hard on some of the components of this area. we finally finished the transit trade agreement. there is a concept of this effort on the new silk road. they did some are talking about the possibilities afghanistan for investment bayer. i will say one other thing. we tried to pursue this as a whole of government efforts. everybody is working together trying to move this efforts on the new silk road going forward. me that this to highlights of that aspect of diplomacy that talked about in the beginning, power assignment laity. the problem is the picture of warfare to which we claim. peace-making by diplomats. peace building bu
this was a way to try to connect central asian economies of south asian economies. president karzai talked about afghanistan as being a central agent -- asian roundabout which goods and services could move. i thought that was right. i also thought that might have been just a beginning. just to also lead not transit benefits for afghanistan and pakistan but someday also to foreign direct investments and other economic ties. that is why we worked so hard on some of the components of this area. we...
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Mar 13, 2013
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and it hurts the overall economy. 2/3 of our economies consumer spending. you live in michigan -- i don't know if he said you live near the car industry or anything. he could become wealthy as a car industrialist ... employees could buy a car -- unless his employees could buy a car. if you don't pay people the minimum wage at how will share in the growth, the economy won't grow. you talk about waste, fraud, and abuse, and i agree with you about that. of course, the sequester is no way to do it, taking hatchet to the budget without looking at ways we could trim the budget and eliminate duplicative programs. but thank you for your question. host: the president meets with you on thursday. what do you think of the meanings and the way he has been meeting with republicans when it comes to budget and spending issues? guest: when he doesn't meet with people, he is accused of being distant and aloof. when he does meet with us, then he is caving. i know that people in my party become very paranoid and upset -- "oh, he is meeting with those terrible republicans." hos
and it hurts the overall economy. 2/3 of our economies consumer spending. you live in michigan -- i don't know if he said you live near the car industry or anything. he could become wealthy as a car industrialist ... employees could buy a car -- unless his employees could buy a car. if you don't pay people the minimum wage at how will share in the growth, the economy won't grow. you talk about waste, fraud, and abuse, and i agree with you about that. of course, the sequester is no way to do it,...
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Mar 15, 2013
03/13
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this index used to be a fairly important measure of the global economy. but too many ships and the only thing the baltic dry index has told us is that it's a real lousy business to be a shipper. had its worst performance in 26 years falling over 41%. thanks to worries about a chinese slowdown as well as an ov oversupply of ships. in fact, when you look at -- sorry. when you look back, the baltic dry index has been in a giant down trend ever since it peaked in may of 2008. the index hit a low of 661 last fall. but i believe we're seeing signs of a bottom in the baltic dry index could at last finally be able to climb. in fact it's already rebounded off its lows. it's up 26% year-to-date. so why do i think it's bottomed? the fact is dry bulk shipping rates simply can't get much lower than where they are now. when rates go this low, they make up a low this level, the ship owners stop taking them on voyages because they don't earn enough to cover the cost of the trip, the hate boat. things are so bad they literally can't get much worse. the dry bulk space goes
this index used to be a fairly important measure of the global economy. but too many ships and the only thing the baltic dry index has told us is that it's a real lousy business to be a shipper. had its worst performance in 26 years falling over 41%. thanks to worries about a chinese slowdown as well as an ov oversupply of ships. in fact, when you look at -- sorry. when you look back, the baltic dry index has been in a giant down trend ever since it peaked in may of 2008. the index hit a low of...
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Mar 17, 2013
03/13
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continuing to see how latinos feel about a wide range of issues, immigration particularly, but also the economy. we're also concerned about the economic situation of latinos-- how are they doing in the recovery, how are households doing with regards to accumulation of wealth, how are they doing with regards to unemployment? so all these are things that we want to continue to tell the story of the latino community in many different respects, but of course we want it to be timely and relevant. >> hinojosa: all right, so you're also gearing up for politics. that's going to be happening a lot, coming up soon. so what's the sense of what's happening with the latino electorate? is there a broad concern... and the concern would be, will latinos actually be enthusiastic enough for either party to come out and vote? and has something really happened with the latino voter where immigration now is in fact the number one issue? are those two things happening at the same time? >> they are happening at the same time. but let's get some facts on the table about the latino electorate. in 2010 there were 21 mil
continuing to see how latinos feel about a wide range of issues, immigration particularly, but also the economy. we're also concerned about the economic situation of latinos-- how are they doing in the recovery, how are households doing with regards to accumulation of wealth, how are they doing with regards to unemployment? so all these are things that we want to continue to tell the story of the latino community in many different respects, but of course we want it to be timely and relevant....
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Mar 15, 2013
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it's hard to tell the story that particularly know what the economy economy looks like now and knowing, see what rapid wage growth. so we are looking at a situation where the people we can see retiring for the near future look like they're not going to have a lot of money. i do want to remind, i don't talk about defined benefit pension. we know it is disappearing rapidly. that many people in these age groups are going to see defined benefit pension plans. so this does include the find benefit pension but that's not like this is a factor for these people. now a little bit about the cpi and again some of this has been touched on. the elderly index as window shows a high rate of inflation due to health care in housing, it's important to keep in mind that the health care component is measuring the increased in the same set of health care services. so if people are getting more services through time and one reason they get more services through times of older people need more services in general. that's going to be an additional cost. that's not picked up even in the elderly cpi. that's an
it's hard to tell the story that particularly know what the economy economy looks like now and knowing, see what rapid wage growth. so we are looking at a situation where the people we can see retiring for the near future look like they're not going to have a lot of money. i do want to remind, i don't talk about defined benefit pension. we know it is disappearing rapidly. that many people in these age groups are going to see defined benefit pension plans. so this does include the find benefit...
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Mar 15, 2013
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even in today's economy, with the economy being what it is and hard to find a job, 90% of these people get a job. are hired. right now today. not one in five. the chair: the gentleman's time has expired. mr. kline: i yield 30 seconds more. the chair: the gentleman is recognized. mr. roe: i thank the chairman for yielding. i want to finish my saying there are things that work today out here. today that we can emulate. we need to streamline this. you should read all these -- i agree with the ranking member miller, we do need reform. that's what this is an attempt to do. i want to commend dr. foxx and chairman kleine for their leadership on this issue and i encourage my colleagues to support this bill. the chair: the gentleman from minnesota reserves. the gentleman from california is recognized. mr. miller: i yield three minutes to the gentleman from texas, mr. hinojosa, the ranking member of the subcommittee on education and work force. the chair: the gentleman is recognized for three minutes. . mr. hinojosa: madam speaker, i rise today to oppose h.r. 803, a fatally flawed and highly par
even in today's economy, with the economy being what it is and hard to find a job, 90% of these people get a job. are hired. right now today. not one in five. the chair: the gentleman's time has expired. mr. kline: i yield 30 seconds more. the chair: the gentleman is recognized. mr. roe: i thank the chairman for yielding. i want to finish my saying there are things that work today out here. today that we can emulate. we need to streamline this. you should read all these -- i agree with the...
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Mar 19, 2013
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as i said earlier, i firmly believe that this is going to hurt the economy, an economy that is struggling to really get a foothold and showing signs of life. absolutely the worst time to set one of these fiscal time bombs. >> i would like to react to that. and maybe i will. i just want to read this from the marines. saying this exercise, for example, was planned well in advance, had nothing to do with the budget cuts. this is from the marines. there were no corners cut, and if they couldn't afford to have all the safety precautions into place, they wouldn't do the exercise, okay? and this was reported by nbc's jim miklaszewski. this is insanity. to have marines having make that kind of statement. and this damages national security and mar morale, too. >> it does and not even overplaying the hand, just a gross indecency. back to jerryd's point on the sequester, where does the $44 billion in cash come from, larry? it comes from we the people, either through taxing, borrowing, printing of money, which is another form of taxation. it's not from heaven that it's being done -- >> i think budget
as i said earlier, i firmly believe that this is going to hurt the economy, an economy that is struggling to really get a foothold and showing signs of life. absolutely the worst time to set one of these fiscal time bombs. >> i would like to react to that. and maybe i will. i just want to read this from the marines. saying this exercise, for example, was planned well in advance, had nothing to do with the budget cuts. this is from the marines. there were no corners cut, and if they...
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Mar 13, 2013
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i'm sure it will be fine >> the sequester could devastate our economy. >> fewer f.b.i. agents kids kicked out of child care program >> fewer air traffic controllers. nearly $4 million could be slashed to provide males for needy shortages. in texas nearly 10,000 fewer children will receive vaccines for diseases like whooping cough and the flu. >> jon: holy [bleep]. we're doomed. we're going to have to get jobs feeding sick children to old people. why did i only buy the hat? (crying) please tell me there's still time to fix things. >> this is the final countdown. we are just four days from the sequester deadline. >> jon: four days. that's not enough time to do anything. can't even tow a cruiseship of diarrhea to alabama in four days. are they at least working hard on fixing this some >> lawmakers left town for a week-long recess >> president obama played golf with tiger woods in florida last weekend sniem i'm sure tiger woods has a lot of sequester advice. "i don't know, mr. president. did you ever try hitting it with a club?" i don't know. for more on the sequester we go
i'm sure it will be fine >> the sequester could devastate our economy. >> fewer f.b.i. agents kids kicked out of child care program >> fewer air traffic controllers. nearly $4 million could be slashed to provide males for needy shortages. in texas nearly 10,000 fewer children will receive vaccines for diseases like whooping cough and the flu. >> jon: holy [bleep]. we're doomed. we're going to have to get jobs feeding sick children to old people. why did i only buy the...
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Mar 16, 2013
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we have to rebuild our economy. we have to do it again. we have to make america strong again, and make america great again. [applause] thank you. when it comes to immigration, you know that the 11 million illegals, even if given the right to vote -- you will have to do what's right, but the fact is, 11 million people will be voting democratic. you can be up front, you can be the spearhead, you can do whatever you want to do, but every one of those 11 million people will be voting democratic. it is just the way it works. you have to be very careful. because you could say that to a certain extent, the odds aren't looking so great right now for republicans, that you are on a suicide mission. you are just not going to get those votes. i say to myself, why aren't we letting people in from europe? i have many friends, many many from europe who want to come in. people i know. tremendous people. hard people. they cannot come in. i know people whose sons went to harvard, top in their class. went to the wharton school of finance. great events. -- gr
we have to rebuild our economy. we have to do it again. we have to make america strong again, and make america great again. [applause] thank you. when it comes to immigration, you know that the 11 million illegals, even if given the right to vote -- you will have to do what's right, but the fact is, 11 million people will be voting democratic. you can be up front, you can be the spearhead, you can do whatever you want to do, but every one of those 11 million people will be voting democratic. it...
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Mar 21, 2013
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economy and american workers. by ending these abuses, we can generate needed revenue while creating a fairer tax code, one that does not reward corporations and the wealthy for behaviors that put the rest of us at an unfair disadvantage. so when i hear someone say, we're going to have tax reform but it must be revenue-neutral, what i hear is let's keep all the tax breaks for the wealthy and the large corporations. i say it is time to end those. we need that revenue for education, for infrastructure, for biomedical research, for science research. we need it to make sure that our young people today are able to compete in this global economy in the future. mr. president, compromise, common sense, and good-faith negotiations are what we need today. we do not need someone saying, no, we cannot raise revenues. all we got to do is cut spending. on our side, with the leadership of senator murray, we have said we'll cut spending, but we'll also raise revenues. we'll have a balanced approach fl so i irk m i urge my colleago
economy and american workers. by ending these abuses, we can generate needed revenue while creating a fairer tax code, one that does not reward corporations and the wealthy for behaviors that put the rest of us at an unfair disadvantage. so when i hear someone say, we're going to have tax reform but it must be revenue-neutral, what i hear is let's keep all the tax breaks for the wealthy and the large corporations. i say it is time to end those. we need that revenue for education, for...
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Mar 21, 2013
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for the economy. but to get devote, my senior senator and friend has asked me about the sequester in virginia. and, mr. president, as some of you might know, i took the floor for my maiden speech on this topic last month a little bit earlier than i would have wished to have talked as a freshman senator but with the specter of sequester having such a significant effect on the commonwealth of virginia, i -- i just felt like i couldn't be silent about it. and i have a senate colleague here from hawaii, senator hirono, who i know feels equally strongly about this issue. i took a tour throughout virginia in the middle of february that was designed before sequester was looming to talk to people who were affected about especially in the armed services area and he heard their stories, senator -- and i heard their stories, senator warner, about sequester and the anxieties and threats that it posed. beginning in early april, 90,000 -- 90,000 -- civilian d.o.d. employees will start to be furloughed, just in the
for the economy. but to get devote, my senior senator and friend has asked me about the sequester in virginia. and, mr. president, as some of you might know, i took the floor for my maiden speech on this topic last month a little bit earlier than i would have wished to have talked as a freshman senator but with the specter of sequester having such a significant effect on the commonwealth of virginia, i -- i just felt like i couldn't be silent about it. and i have a senate colleague here from...
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Mar 16, 2013
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you keep hearing the economy is ready to take off. if we can get the government out of the way for a couple years we can get some really nice growth and that will change things up and i think they are sceeding in denuclearizing our conflicts. no fiscal cliffs, no debt defaults. let the economy grow for a change. >> woodruff: what are you hearing. >> the government has to get out of the way, i love that. that's a great one after what we've been through in this country with absolutely no control. and we just learned again this week that the bank's too big to fail, too big to be reprimanded, controlled by the federal government. but i'd say this, judy. there's an old line in politics you dance with the girl who -- barack obama didn't do that. for the past seven years he's gone into hundreds if not thousands of rooms, people with large egos, people with great accomplishments, people who are great skeptical toward him and he went in and he charmed them to the point not only they supported him they wrote checks for him. he comes to washingt
you keep hearing the economy is ready to take off. if we can get the government out of the way for a couple years we can get some really nice growth and that will change things up and i think they are sceeding in denuclearizing our conflicts. no fiscal cliffs, no debt defaults. let the economy grow for a change. >> woodruff: what are you hearing. >> the government has to get out of the way, i love that. that's a great one after what we've been through in this country with absolutely...
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Mar 17, 2013
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losing their jobs and worrying about what they actually did, realizing that we had become a huge service economy, but, you know, the united states used to be a country that could make things, and did we make anything anymore? i learned in my research, in fact, that the united states still is a huge manufacturer. most of the things that we make are very high-end, you know, electronics items. the difference is, of course, these days we just don't need as many people to make all of those things. but we certainly are still a manufacturing hub and, in fact, there's been a trend even since i started working on the book of a lot of big companies like google and apple trying to manufacture some of their devices on american shores again. so, um, is so that turned out to be a little bit of a misnomer. um, i tried to sort of boil down what tinkering meant in terms of putting the book together but also just to sort of think about whether we as a cup had lost this -- as a country had lost this tinkering spirit or whether it -- whoops, will we go -- or whether it was something that just sort of needed to be r
losing their jobs and worrying about what they actually did, realizing that we had become a huge service economy, but, you know, the united states used to be a country that could make things, and did we make anything anymore? i learned in my research, in fact, that the united states still is a huge manufacturer. most of the things that we make are very high-end, you know, electronics items. the difference is, of course, these days we just don't need as many people to make all of those things....
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Mar 18, 2013
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they both take money out of the economy. they both slow the economy. and, yes, they create this idea of austerity. but, look, it's a balancing problem. you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much the economy has contracted. greece is having our great depression of the late 1920s. >> wow. >> all right. moving on to washington now. >> a lot nicer setting. >> president obama's renewed push for a grand bargain may be showing some early signs of paying off, at least with one top republican. senator bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. corker's position on sunday puts him at odds with other members of his party, including h
they both take money out of the economy. they both slow the economy. and, yes, they create this idea of austerity. but, look, it's a balancing problem. you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms...
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Mar 19, 2013
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it also will help grow our economy, help create jobs. our plan is a plan to grow the economy. and what we are seeing on the other side from the senate by the democrat is a plan that's going to grow one thing, and that's the national debt. so at a time when many seniors are worried about their benefits, and we see many young people having trouble finding jobs after they graduate from college, ours is a plan that is going to give them the certainty and that is going to help them find those jobs because it's going to help grow the economy. what we need from the president and what we need from the senate democrats is a plan to join, to join us in this effort to -- that's going to help improve the lives of americans all across his country. >> a few c.p.a.'s in this town, you are going to be hard-pressed to find a bigger tax budget or economic geek than me. there's nothing i enjoy more than having a discussion about debt to equity ratios and 302-b allocations and the difference between getting to primary balance as opposed to actually alancing the budget. i have been told normal peo
it also will help grow our economy, help create jobs. our plan is a plan to grow the economy. and what we are seeing on the other side from the senate by the democrat is a plan that's going to grow one thing, and that's the national debt. so at a time when many seniors are worried about their benefits, and we see many young people having trouble finding jobs after they graduate from college, ours is a plan that is going to give them the certainty and that is going to help them find those jobs...
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Mar 21, 2013
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economy are profound. we just passed a budget for the next year, next fiscal year in the house of representatives. i'm grateful that the budget did allow space for the reformation of this health care law, removal of this health care law, i think we are also joined by another gentleman from texas who wanted to speak briefly about some of the economic effects. i'm happy to recognize my friend, mr. gohmert, from tyler, texas, to speak on the economic effects. mr. goalert: thank you. i'm so -- mr. gohmert: thank you. i'm so proud of the doctors in the caucus, dr. harris, dr. roe, dr. gingrey. we got so much knowledge and wisdom when it comes to health care. and to have those resources not consulted at all but rather dictated to by people who didn't have a clue what they were doing. and all those promise that is were made. you can keep your insurance. well, we now know millions have not, will not. if you like your doctor you can keep them. i talked to doctors as i know you-all have, many friends, who say becaus
economy are profound. we just passed a budget for the next year, next fiscal year in the house of representatives. i'm grateful that the budget did allow space for the reformation of this health care law, removal of this health care law, i think we are also joined by another gentleman from texas who wanted to speak briefly about some of the economic effects. i'm happy to recognize my friend, mr. gohmert, from tyler, texas, to speak on the economic effects. mr. goalert: thank you. i'm so -- mr....
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Mar 14, 2013
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same economy. what we don't see as clearly are the jobs that are destroyed or prevented from performing as the government first takes that dollar out of the economy. we see those lost jobs and chronic unemployment and a stagnating economy. the government cannot create wealth. can transfer jobs from the productive sector to the government sector by taxing one and spending on the other. it can transfer jobs from one part of the productive sector by taxing and transfer them to another part by subsidizing it. but it cannot create jobs. these policies are causing enormous damage to our economy, and i wish you folks would stop it. [laughter] >> we are running close on time. mr. williams, for two minutes. >> thank you. nobody agrees more than me. i am in the transportation business. we need good infrastructure. however, this a man and raises taxes, and that is a bad idea. i am job creator for 41 years. you don't create jobs by raising taxes on small businesses and workers. employees actually root for thei
same economy. what we don't see as clearly are the jobs that are destroyed or prevented from performing as the government first takes that dollar out of the economy. we see those lost jobs and chronic unemployment and a stagnating economy. the government cannot create wealth. can transfer jobs from the productive sector to the government sector by taxing one and spending on the other. it can transfer jobs from one part of the productive sector by taxing and transfer them to another part by...
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Mar 17, 2013
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in the economy. and if i could get in a quick advertisement, about a month from now in this same place we're going to have another book event on a book written by a friend of mine, brendan brown, entitled "the global curse of the federal reserve." so if this is interesting to you, come back for our next, our next book event. um -- [laughter] all right. let me, as we go to your questions remind you of aei rules. please wait for the microphone so we get you properly recorded and people can hear you. tell us your name and your affiliation and then ask your question. if you sneakily put a statement first in the form of a question, that's okay as long as it's brief. and if it isn't, the chair will remind you that your statement time is over. okay. questions? we have one here. up here in front. >> good afternoon. my name -- [inaudible] i have a question, and that is to mr. wallison. that has to do with it's one thing to say i told you so after the fact, and i realize that you've been writing all along and
in the economy. and if i could get in a quick advertisement, about a month from now in this same place we're going to have another book event on a book written by a friend of mine, brendan brown, entitled "the global curse of the federal reserve." so if this is interesting to you, come back for our next, our next book event. um -- [laughter] all right. let me, as we go to your questions remind you of aei rules. please wait for the microphone so we get you properly recorded and people...
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Mar 20, 2013
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the weakness of the economy. and those that are still employed, if they have a lack of certainty, feel that their job could be at risk or their hours could be a risk, that will make them less likely to want to buy a home. these are all contributing factors. there is perhaps the natural readjustment. we reached home ownership rate above all we have ever seen before. above some concept of the natural rate. one might expect to see a modest decline. >> thank you and your back the balance my time. >> thank you. >> thank you. >> thank you, mr. chairman. >> a very narrow conversation. >> the mortgage-backed security actually guaranteeing in return which is essentially what happens now. unlike anything else, if you go to fund its 100% guaranteed. see you see anything wrong with someone saying and no one going to get my money because it is guaranteed by the federal permit . >> i do. i think that the basic risk of the taxpayer guaranteeing most toro the mortgages, loyal as we are, your going to reliance on government agent
the weakness of the economy. and those that are still employed, if they have a lack of certainty, feel that their job could be at risk or their hours could be a risk, that will make them less likely to want to buy a home. these are all contributing factors. there is perhaps the natural readjustment. we reached home ownership rate above all we have ever seen before. above some concept of the natural rate. one might expect to see a modest decline. >> thank you and your back the balance my...
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Mar 20, 2013
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it also will help grow our economy and create jobs. our plan is a plan to grow the economy. what we are seeing on the other side from the senate by the democrats is a plan that is going to grow one thing, that is the national debt. at a time when many seniors are worried about their benefits and we see many young people that are having trouble finding jobs after they graduate from college, ours is a plan that will give them the certainty, that will help them find those jobs, because it will help grow the economy. what we need from the president, what we need from senate democrats is a plan to join us in this effort to help improve the lives of americans all across this country. inas one of the few cpa's this town, you'll be hard- pressed to find a bigger tax, budget, or economic geek than me. there is nothing i enjoy more than having a discussion about debt to equity ratios and allocations and the difference between getting to primary balance as opposed to actually balancing the budget. i have been told that normal people do not enjoy those discussions. i can tell you one th
it also will help grow our economy and create jobs. our plan is a plan to grow the economy. what we are seeing on the other side from the senate by the democrats is a plan that is going to grow one thing, that is the national debt. at a time when many seniors are worried about their benefits and we see many young people that are having trouble finding jobs after they graduate from college, ours is a plan that will give them the certainty, that will help them find those jobs, because it will...
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Mar 16, 2013
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will rebuild the spirit to make our entitlement system secure and jumpstart our economy in a way that will create an uplifting of our hopes and dreams and also directly impact and immediately impact economic growth. >> former florida governor jeb bush on immigration warrants. part of booktv this weekend on c-span2. up next, alec foege talks about modern-day thomas edison and ben franklin. his book is "the inventor and the tycoon: a gilded age murder and the birth of moving pictures." this is is about 50 minutes. >> i hope i can live up to the introduction. i would like to say it is such a privilege to give a talk about my book. the westport library has been a real innovator in terms of agreeing it was just sort of a coincidence that brought us together thank you to bill for helping make this all happen. as was mentioned in the introduction, my book is -- it is partially about what is going on in tinkering right now in the contemporary world. but it also touches on history. but more specifically talks about what the ideas behind being a tinkerer on her. and what is it tinkerer? and how
will rebuild the spirit to make our entitlement system secure and jumpstart our economy in a way that will create an uplifting of our hopes and dreams and also directly impact and immediately impact economic growth. >> former florida governor jeb bush on immigration warrants. part of booktv this weekend on c-span2. up next, alec foege talks about modern-day thomas edison and ben franklin. his book is "the inventor and the tycoon: a gilded age murder and the birth of moving...
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Mar 20, 2013
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and will soon be one of the world's largest economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and inagrees foreign direct investment. reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all lift india's ranking and spur business growth in a way that has been missing thus far. since asia's economy is largely based on global supply chains, it is absolutely critical for india to enact reforms and liberalize its economy, to tap into this regional market. this is how india anchors itself in the asia-pacific region and we should do what we can to help leverage those reforms inside india. that is why i believe the administration must redouble its efforts to secure a u.s.-india bilateral investment treaty. current negotiations are proceeding far too slowly. there are important issues to resolve and it's going to take a concerted effort to make progress, but once the b.i.t. is f
and will soon be one of the world's largest economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and inagrees foreign direct investment. reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all lift india's ranking and spur business growth in a way that has been missing thus far. since asia's economy is largely based on global...
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Mar 19, 2013
03/13
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if consumer demand increases, the economy will grow, and if the economy grows, the deficit will decline and so too will our debt as a percentage of g.d.p. this is decision time in america, and clearly the best decision that we can make is a balanced approach to dealing with our economic problems today. the speaker pro tempore: pursuant to clause 12-a of rule 1, the chair declares the house in recess until noon today. >> we began providing televised access to the every day workings of congress and the tell -- and the federal government. c-span, created by table companies -- cable companies. >> on c-span we will take you live to capitol hill where the senate armed services committee is holding a hearing with the top military officials. in a are looking into budget requests from the military command. last week chuck hagel announced they will spend $1 billion in addition to add 14 interceptors on the west coast to the u.s. defense system. >> what more can and should the united states do in your command and others? >> if you are speaking about drugs, more assets. locating, weood at understan
if consumer demand increases, the economy will grow, and if the economy grows, the deficit will decline and so too will our debt as a percentage of g.d.p. this is decision time in america, and clearly the best decision that we can make is a balanced approach to dealing with our economic problems today. the speaker pro tempore: pursuant to clause 12-a of rule 1, the chair declares the house in recess until noon today. >> we began providing televised access to the every day workings of...
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Mar 14, 2013
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we know economy is getting better that is good news. huge growth gap between this recovery and the average recovery, and even, more troubling, more evidence showing in the long term, america's economic potential may have shrunk by as much as a third. that has huge consequence. >> no, i want to pick up on that theme. we had pictures of distinguished panel testifying before you. one of them was douglas holtz-eakin, former director of the congressional budget office. he presented testimony, when the debt-to-gdp ratio exceeds 90% you sacrifice one point of growth off gdp. did you believe that testimony? did it have impact on people that were listening? >> yeah. it is empirical. the study of countries that got themselves deep in debt. global competitors find themselves in the same situation, their economy slows. like in your business when all your money is going to debt and credit cards and interest payments and not to reinvesting in your company, your growth slows. same in america. but the impacts is that you've got one-third slower growth,
we know economy is getting better that is good news. huge growth gap between this recovery and the average recovery, and even, more troubling, more evidence showing in the long term, america's economic potential may have shrunk by as much as a third. that has huge consequence. >> no, i want to pick up on that theme. we had pictures of distinguished panel testifying before you. one of them was douglas holtz-eakin, former director of the congressional budget office. he presented testimony,...
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Mar 18, 2013
03/13
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your take on the economy and job creation here call at 866-55-press. so how would you rate the american economy in general? >> i think improving,. if we saw good job numbers like we did last time that would help. >> bill: isn't a lot of this psychological? >> it's important for a lot of consumers. do you decide to remodel your home buy a new car, but it only gets you so far if you don't have a paycheck. so this is where the harreality comes in and why we need to get people back to work. >> bill: to me the economy is definitely improving, and a steady progress in the right direction, and some good indications, but if you did a survive right now, i think most people would say the economy is sick. >> right. and they are seeing these debates over the sequester, ta i think that hurts people's confidence. >> bill: you heard her way the priority should be jobs jobs jobs. is it? and what should we do about it? we'll be right back. >> announcer: this is the washington dc, where he hosts current tv's "full court press." ♪ ♪ converstion started next. >> i'm a
your take on the economy and job creation here call at 866-55-press. so how would you rate the american economy in general? >> i think improving,. if we saw good job numbers like we did last time that would help. >> bill: isn't a lot of this psychological? >> it's important for a lot of consumers. do you decide to remodel your home buy a new car, but it only gets you so far if you don't have a paycheck. so this is where the harreality comes in and why we need to get people...